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Tag Archives: creditor

Chapter 3 – Take a Lap on the Gerbil Wheel of Debt

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Chapter 3 – Take a Lap on the Gerbil Wheel of Debt Think of debt as that annoying squeak in the back seat that you hear as you drive alone in the car. The squeak distracts you from the beauty of the scenery, and before you know it, you are only worried about the squeak. I knew a guy that ... Read More »

“How Do I Go About Making My Credit Score Better” – Antoine

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Antoine writes in to the Get Out of Debt Squirrel and asks: I don’t have credit card dept of any kind. I’ve never filed bankruptcy. I have bills on my credit report some of them I’m unaware of and the others are overdue bills. How do I go about solving the problem to get it off my credit report? How ... Read More »

Mark Writes In “I Need to Go Bankrupt in the UK”

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Mark wrote in about his financial situation. “Hi Steve, My wife and I need help. Since 2001 we’ve been living in the U.S. and we’ve just got our green cards. We moved to the U.S. from the UK and for years I’ve been struggling to pay back debt there using dollars to pay back British pounds. The conversion rate has ... Read More »

I’m Broke and Living With My Parents. My Credit Card Company Wants Me to Send Them a Letter. What Should I Say? – Noname

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Noname “Dear Steve, Hi, I am currently unemployed and broke living with my parents just barely getting by. I have about $3,000 in credit card debt which is 90 days since last payment. I am actively seeking a job now and called the credit card company and told them about the situation. The credit card firm said that I should ... Read More »

What to Do if Your Creditors And Bill Collectors Make You Really Angry

There is only so much one person can take.

I’ve heard more people issue swear words and threats against creditors and debt collectors than you can imagine. Having the pressure increase when you are in debt makes good people say and do silly and regrettable things. Many feel those normal emotions but feeling like you are going to explode or wanting to kill the debt collector or yourself is ... Read More »

New Concerns About 40% Credit Card Debt Reduction Proposal

Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about the possibility of getting banks to write off as much as 40% of the debt in order to help consumers avoid bankruptcy, this ... Read More »

The Perfect Debt Assistance Program

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I can dream, can’t I? If I could get a wish for debtors it would be to wave a wand and implement this perfect debt assistance or debt relief program. Here is what the program would look like. A Sliding Scale Nominal Charge – Consumers would have to pay a sliding scale setup fee. It is too expensive to start ... Read More »

Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.”

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Diane wrote to me at the GetOutOfDebt.org site and asked for help with her debt situation. You can write me too if you need help. Here is what Diane said: “Dear Steve, I have signed up with New Beginnings to get out of debt. I have paid them for two months so far and have stopped paying on a loan ... Read More »

Ginger Asks “I Started My Business On Credit Cards But It’s Hard to Make Payments”

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Giner wrote in through the GetOutOfDebt.org site and asked for help. “I started a new business, had a few small credit card balances before, but had to use them, plus acquiring a few more, and with the balance trasfer deals, I now have 8 cards with a total debt of $50,000+. I manage to stay a float, my business has ... Read More »

Five Inside Truths About Debt Management Plans (DMP) You Need to Know

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People are often so confused or uninformed about debt management plans in the US that I wanted to share some truths with you. Here are the five biggest misconceptions people have about debt management plans, in no particular order. Debt Management Plans Are Not Designed for You to Get Out of Debt Since the DMP terms are really dictated by ... Read More »

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